Issue

Tiger Gets Virus from Zookeeper

This weekend saw signs of good news.

In New York, the one-day death toll fell for the first time. On Sunday, New York reported 594 deaths versus 630 on Saturday.

Other measures show a potential stabilization in New York. The number of people hospitalized grew by just 4% on Sunday. And they’re seeing a similar slowdown in the number of new people in intensive care.

Gov. Andrew Cuomo says it’s too early to say that this is a trend. One day of positive data doesn’t create a trend. And the governor says three or four days of similar data could be more affirming.

Europe is also reporting some good news.

France, Italy and Spain all went into a lockdown three to four weeks ago.

On Sunday, all three countries announced a drop in the daily number of deaths. All three countries are also reporting a decline in the rate of new cases.

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The Big News…

Government Stockpiles Malaria Drug

President Trump has suggested that an anti-malaria drug named hydroxychloroquine could be used to treat the coronavirus. He announced this weekend that the government has purchased 29 million doses of the drug. Dr. Anthony Fauci and others are skeptical that the drug will be effective.

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U.K. Prime Minister Hospitalized

Boris Johnson – the prime minister of the U.K. – was hospitalized yesterday. He had tested positive for the virus 10 days ago.

Tiger at Bronx Zoon Infected

A tiger at the Bronx Zoo in New York has tested positive for coronavirus. Other big cats also appear to be sick with respiratory issues. It’s likely that the tiger was infected by a zoo employee.

The female Malayan tiger named Nadia is four years old. She developed a dry cough and is expected to recover. This is the first case of human-to-cat transmission.

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25 Million Jobs Lost

25 million jobs could disappear from the global economy, according to the International Labor Organization. Dire projections suggest that unemployment could approach 20% in the U.S. and Europe.

The Coronavirus Numbers

Here are the numbers from Friday morning at 9.45 a.m. ET.

  • 1,287,381 Infected worldwide
  • 70,554 Deaths
  • 336,906 Infected in the U.S.
  • 9,624 Deaths in the U.S.

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What’s Next

Stocks in Asia and Europe traded higher on Monday. And U.S. equities also started out the day on a positive note.

The market is reacting positively to news out of Europe and New York. Yesterday’s data suggests that social distancing measures in Europe are working to “flatten the curve.”

That suggests that things may begin improving after a month of strict lockdown measures.

Meanwhile, the data from New York is also a positive development. However, it’s important to remember that one day of data doesn’t create a trend. We’ll be watching the data this week to see if we’ve actually seeing a sustained slowdown in death rate and new cases in the state.

U.S. stocks were up over 3% in pre-market trading.

Earnings season is getting underway in the next two weeks. And all eyes will be on results from corporate America.

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Yours in Health & Wealth,

Ian Wyatt

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